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Seasonal Start
Economic Data
Ardelyx, Inc. (NASD:ARDX) Seasonal Chart
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ARDX Relative to the S&P 500 |
ARDX Relative to the Sector |
Seasonal Chart Analysis
Analysis of the Ardelyx, Inc. (NASD:ARDX) seasonal charts above shows that a Buy Date of June 7 and a Sell Date of September 24 has resulted in a geometric average return of 39.14% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is an excellent rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 65.69% per year.
The seasonal timeframe is Inline with the period of seasonal strength for the Healthcare sector, which runs from April 25 to December 4. The seasonal chart for the broad sector is available via the following link: Healthcare Sector Seasonal Chart.
A word of caution: Only 5 years of data is available for shares of ARDX, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.
Ardelyx Inc is a biotechnology company focused on the discovery, development, and commercialization of molecule and polymeric therapeutics to treat the gastrointestinal tract and cardiorenal diseases. The company has a proprietary drug discovery and design platform. Its lead product candidate is tenapanor, which aims to reduce the absorption of dietary sodium and phosphorus for the treatment of kidney disease, irritable bowel syndrome with constipation, and hyperphosphatemia in patients with dialysis.
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Stocks mentioned in this post: ARDX
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